Crypto Billionaire Changpeng Zhao Calls Prison A 'Bad Experience,' Reveals What A Prison Guard Told Him When He Was Processed

Core Insights - Changpeng "CZ" Zhao, founder of Binance, shared his experiences in a U.S. prison, highlighting the challenges and dynamics within the prison system [1][2] Group 1: Prison Experience - CZ described his prison experience as "really bad overall," but noted he did not face physical harm or extortion threats [2] - He was placed in a low-security prison in California, which housed individuals convicted of serious crimes, including drug lords, due to his non-U.S. citizenship status [3] - A prison guard advised him to seek "protection" by connecting with a gang, indicating the need for safety in such an environment [4] Group 2: Racial and Ethnic Dynamics - CZ observed that the prison system was organized by race and ethnicity, which he found surprising yet effective in minimizing conflicts [5] - He recounted an encounter with a fellow inmate who welcomed him to their group, illustrating the social dynamics within the prison [5] Group 3: Background on Binance - Binance, founded by CZ in 2017, has become the world's largest cryptocurrency trading platform, with CZ reportedly owning an estimated 90% of the exchange and a significant amount of BNB tokens [6]